ryan neve
salt lake city, UT (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
expressline factors
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Startup
Location:
salt lake city
Industry:
Finance
Year Founded:
2007
Number Employees:
1-10 people
Description:
expressline factors is a purchaser of freight bills from trucklines. when a semi moves a load they have to wait 30 to 40 days until they can receive payment for that invoice or for the load they moved. that is where we come in. The money is advanced to the truckline for a percentage of the entire amount. In 30 days we will be paid from the truckline's customer and we will have made 5% to 7% on that invoice.